POWER AND PREDICTION

Disruption resulting from the proliferation of AI is coming The authors of the bestselling Prediction Machines can help you prepare Artificial intelligence AI has impacted many industries around the world banking and finance pharmaceuticals automotive medical technology manufacturing and retail But it has only just begun its odyssey toward cheaper better and faster predictions that drive strategic business decisions When prediction is taken to the max industries transform and with such transformation comes disruption What is at the root of this In their bestselling first book Prediction Machines eminent economists Ajay Agrawal Joshua Gans and Avi Goldfarb explained the simple yet game changing economics of AI Now in Power and Prediction they go deeper examining the most basic unit of analysis the decision The authors explain that the two key decision making ingredients are prediction and judgment and we perform both together in our minds often without realizing it The rise of AI is shifting prediction from humans to machines relieving people from this cognitive load while increasing the speed and accuracy of decisions This sets the stage for a flourishing of new decisions and has profound implications for system level innovation Redesig